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2 years ago

9

Which of the following would you classify as a true emergency? A. Overdrawing your checking account B. Losing your job C. Wantin

g tickets to a sold-out concert D. Having a balance on a credit card with 19.5% interest

2 answers:

MariettaO [177]2 years ago

4 0

B- Losing your job you will lose your income and support

kakasveta [241]2 years ago

3 0

Answer: B

Explanation:

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Teleology is a philosophy that states that _______.

aleksley [76]

Answer:

Teleology is a philosophical idea that things have goals or causes. It is the view that developments are due to the purpose or design which is served by them

6 0

2 years ago

The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. . T

Anuta_ua [19.1K]

Answer:

$2,250,000

Explanation:

Preparation for the lower portion of the 2021 income statement

CALIFORNIA MICROTECH CORPORATION

Partial Income Statement

For the Year Ended December 31, 2021

Income from continuing operations before income taxes 7,800,000

Less Income tax expense 1,950,000

(25%*7,800,000)

Income from continuing operations 5,850,000

Discontinued operations:

Loss from operations of discontinued component (4,800,000)

Income tax benefit, 1,200,000

(25%*4,800,000)

Loss on discontinued operations (3,600,000)

Net income (5,850,000 - 3,600,000) $2,250,000

Therefore the Net income will be $2,250,000

8 0

3 years ago

Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are

ella [17]

Answer:

($1,575)

Explanation:

The computation of net cash flow from financing activities is shown below:-

Lexington Company

Net cash flow from financing activities

Particulars Amount

Cash received from common stock $650

Less:Cash paid for repayment of loan ($1,405)

Less: Cash paid for dividend ($820)

Net cashflow from financing activities ($1,575)

So, to reach the net cashflow from financing activities we simply added the cash received from common stock and deduct the cash paid for repayment of loan and cash paid for dividend.

3 0

3 years ago

The following is the adjusted trial balance of Wilson Trucking Company.

Troyanec [42]

Answer:

<u>PART 1:</u> Wilson Trucking Company reported Net Income of $15,854 for the year ended December 31, 2017.

<u>PART 2:</u> As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

<u>PART 1</u>

Wilson Trucking Company

Income Statement for the year ended December 31, 2017

<u>Revenue </u>

Trucking Fees $115,500

<u>Less Expenses:</u>

Depreciation expense of Trucks $(26,043)

Salaries expense $(54,170)

Office supplies expense $(9,500)

Repairs expense -Trucks $(9,933)

Net Income $15,854

<u>PART 2</u>

Wilson Trucking Company

Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016 $193,270

Add: Net Income for the year $15,854

Less: K. Wilson withdrawals during the year $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017 $190,124

7 0

3 years ago

Rina's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Rina's very tiny kitchen has barely enou

ki77a [65]

Answer: variable input; fixed input

Explanation:

Based on the information given, in the short run, these workers are variable inputs, and the ovens are the fixed inputs.

Fixed inputs are the inputs that can't be easily changed that's increased or reduced in the short run while variable inputs can be increased or reduced easily.

Since Rina cannot change the number of ovens she uses in her production of pizzas in the short run, they're fixed input. The workers are variable input.

7 0

2 years ago